Turkey Primary Battery Market Report - Market Analysis, Size, Share, Growth, Outlook - Industry Trends and Forecast to 2028

Turkey Primary Battery Market Report - Market Analysis, Size, Share, Growth, Outlook - Industry Trends and Forecast to 2028

In the last three years, COVID-19, lockdowns and other restrictions made consumers spend more time working and learning from home had increased the sales of electronics products, home tools, setup boxes, Air conditioners, and medical devices across Turkey had increased the demand for primary batteries.

The Turkey primary battery market is primarily driven by the increasing usage of long-term applications such as wall clocks, watches, TV and AC remote controls, health devices,toys and others. In recent years, IoT development in industries, fleet management, utility metering, and energy management are also driving the demand for primary batteries in Turkey.

Some of the Drivers:

Growing Demand for primary batteries in home medical devices such as BP, Sugar Machines, dispensers, and others

Primary Battery refers to a single-use battery or non-rechargeable battery is a kind of electrochemical battery That can be discarded after an electrolyte is used. The primary batteries are classified based on the technology they are Alkaline Batteries, Lithium-ion primary batteries, and Others.

Alkaline batteries:

Alkaline Battery is a non-rechargeable or primary battery that supplies its energy from the chemical reaction between zinc metal and manganese dioxide.

The alkaline batteries come in various sizes ranging from AAA to AA, C, D, 9 V, and others. AAA to AA is suited for low-drain applications such as GPS devices, remote control, and others whereas C, D, and 9 V are suited for high-drain applications such as digital cameras, flashlights, and others.

Lithium Primary Battery:

A lithium primary battery is an advanced battery technology that uses lithium metal as a key component of its electrochemistry.

Growing environmental concerns and increasing demand for lithium ion battery recycling across turkey, are increasing the demand for lithium-ion primary batteries.

Non-Rechargeable Lithium-ion Batteries (NRLB) come in various sizes ranging from AAA to AA, C, D, 9 V, and others. NRLB has high energy capacity and as well as operates at high temperatures. They are suitable for various applications, such as main power supplies for small equipment to large memory backups, cameras, and others.

Turkey Primary Battery Market Scenario:

Market Growth:

In the last two decades, Turkey uses primary batteries mainly in wall clocks, watches, TV and AC remote controls, toys, and others where long running times, a slim design, and low-weight batteries are important to use primary batteries.

In recent years, Turkey’s economic growth, sustainable progress, and international competitiveness are heavily depended on industries adoption of Artificial Intelligence and the Internet of things. In 2020, the Moscow researchers stated that 81% of Turkish companies use internet of things (IoT) applications. In addition, IOT utilization has increased in fleet management, utility metering, health devices, and others had increased the demand for primary batteries.

Turkey hosts the largest refugee population in the world. The Govt of Turkey estimates that more than 3.6 million Syrian refugees and 0.3 million Ukraine had take shelter or registered in Turkey under there temporary protection act. The increasing refugee population had increased the demand for basic necessities such as watches, wall clocks and other home appliances had increased the demand for

Russian and Ukraine War Impact on Turkey:

For Turkey, Russia and the EU have been important trading centers, key sources of foreign investment, a high number of tourists, and crucial energy suppliers.

Turkey has been able to maintain trading relations with Russia and Europe, by sustaining its desired global position in international trading between Europe and the Middle East.

As a NATO member, Turkey will not benefit from aggressive Russian actions across the Black Sea are destabilizing the wider region and worsening the economic situation.

The impact of economic sanctions imposed by the EU, the U.S., Canada, and other like-minded nations on Russia is unable to immediately assist financially, had reduced tourists and markets in Turkish businesses, including those in the construction industry and others are increasing the inflation in Turkey.

Inflation in Turkey:

In September 2022, Turkey's inflation rate climbed above 80% had seen the biggest rise in the transport, food, energy, and housing sectors. Independent research experts in Turkey claimed that the annual rate of products increased by around 186.27%. So the Turkish government reduced multiple taxes on various products to reduce the burden on people. So the last three months home products market in Turkey had increased tremendously to the fear of growing prices had increased the demand for primary batteries.

Turkey Recent Policy Changes that affect Primary Battery Market:

In 2019, Turkey developed its Eleventh Development Plan (2019-2023) which aims at increasing domestic production, particularly for chemicals, pharmaceuticals, medical devices, electronics, machinery, batteries, and electrical equipment, and automotive and railway services sectors using public procurement as a subsidizing tool.

In 2022, the Turkish government mandated international logistics between OGS and HGS electronic toll systems to enable faster passage.

In 2022, Turkey’s Ministry of Trade introduces amendments for price tags, amending the information on labels and lists, such as the place of manufacturing, offers provided, sales price and lowest price of the goods in the last 30 days, written in the Turkish language will increase the demand for electronic price tags.

Some of the Turkey Primary Battery Market Opportunities:

Growing Demand For Primary Batteries in Security and Remote Surveillance Systems, Automotive, Industrial IoT, and Others.

Growing Demand for Xbox games, cloud games, home theaters, and others

Growing Demand for electronic Price tags in Turkey supermarkets.

Growing Demand for Lithium-ion primary batteries in emergency power.

Some of the Turkey Primary Battery Market Challenges:

Growing demand for stringent waste management towards alkaline batteries had increased quality standards primary batteries.

Some of the Turkey Primary Battery Market Restraints:

Growing demand for rechargeable batteries across industrial IoT, wearables, etc.

Growing demand for supercapacitors as a substitute for batteries across Automotive, Utility Metering and others.

Growing purchasing power parity across refugees in Turkey

Turkey Primary Battery Market Key Developments:

September 2020 – IKEA announced its plans to stop selling non-rechargeable alkaline batteries starting next year completely. The steps follow IKEA's commitment to inspire and enable people to live healthier and more sustainable life at home. Therefore, by October 2021, all non-rechargeable alkaline batteries will be removed from its global home furnishing range.

About the Report

The new report from Blackridge Research on Turkey Primary Batteries Market comprehensively analyses the Primary Batteries Market and provides deep insight into the current and future state of the industry in the country.

The study examines the drivers, restraints, and trends influencing Turkey Primary Batteries Market demand and growth.

The report also addresses present and future market opportunities, market trends, developments, and the impact of Covid-19 and the Ukraine and Russia war on the Turkey Primary Batteries Market, important commercial developments, trends, segments poised for the fastest growth, and the competitive landscape.

Further, the report will also provide Turkey Primary Batteries Market size, demand forecast, and growth rates.

What do we cover in the report?

Turkey Primary Batteries Market Drivers & Restraints

The study covers all the major underlying forces that help the market develop and grow and the factors that constrain the growth.

The report includes a meticulous analysis of each factor, explaining the relevant, qualitative information with supporting data.

Each factor's respective impact in the near, medium, and long term will be covered using Harvey balls for visual communication of qualitative information and functions as a guide for you to analyze the degree of impact.

Turkey Primary Batteries Market Analysis

This report discusses the overview of the market, the latest updates, important commercial developments and structural trends, and government policies and regulations in the country.

This section provides an assessment of COVID-19 and the Ukraine and Russia war's impact on Turkey's Primary Batteries Market demand in the country.

Turkey Primary Batteries Market Size and Demand Forecast:

The report provides Turkey's Primary Batteries Market size and demand forecast until 2028, including year-on-year (YoY) growth rates and CAGR.

Primary Batteries Market Industry Analysis:

The report examines the critical elements of the Primary Batteries industry supply chain, its structure, and the participants

Using Porter's five forces framework, the report covers the assessment of the Primary Batteries industry's state of competition and profitability.

Primary Batteries Market Segmentation & Forecast:

The report dissects Turkey's Primary Batteries Market into various segments (by technology). A detailed summary of the current scenario, recent developments, and market outlook will be provided for each segment.

Further, market size and demand forecasts will be presented, along with various drivers and barriers for individual market segments.

Effective market segmentation enables you to identify emerging trends and opportunities for long-term growth. Contact us for "bespoke" market segmentation to better align the research report with your requirements.

Key Company Profiles:

This report presents detailed profiles of Key companies in the Primary Batteries industry. In general, each company profile includes - an overview of the company, relevant products and services, a financial overview, and recent developments.

Competitive Landscape:

The report provides a comprehensive list of notable companies in the country's market, including mergers and acquisitions (M&As), joint ventures (JVs), partnerships, collaborations, and other business agreements.

The study also discusses the strategies adopted by leading players in the industry.

Executive Summary:

The executive summary will be jam-packed with charts, infographics, and forecasts. This chapter summarizes the findings of the report crisply and clearly.

The report begins with an Executive Summary chapter and ends with Conclusions and Recommendations.

This product will be delivered within 3-5 business days.